Alberta Investment Management Corp Acquires 4,640 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Alberta Investment Management Corp increased its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 67.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,540 shares of the company’s stock after purchasing an additional 4,640 shares during the quarter. Alberta Investment Management Corp’s holdings in Boston Beer were worth $3,462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after buying an additional 73 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after acquiring an additional 62 shares during the period. Covestor Ltd lifted its stake in shares of Boston Beer by 36.6% in the third quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after acquiring an additional 34 shares during the period. GAMMA Investing LLC boosted its holdings in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after acquiring an additional 48 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Boston Beer during the 3rd quarter valued at approximately $47,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Piper Sandler lowered Boston Beer from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $370.00 to $275.00 in a research report on Thursday, January 23rd. Citigroup cut their target price on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $302.90.

Boston Beer Trading Down 0.4 %

Shares of SAM stock opened at $225.02 on Friday. The firm has a fifty day simple moving average of $265.76 and a two-hundred day simple moving average of $281.64. The Boston Beer Company, Inc. has a 12 month low of $222.27 and a 12 month high of $371.65. The firm has a market capitalization of $2.58 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.